The Wholesale Price Inflation rose to 6.01 per cent for the May month said the government data on Monday. This is driven by higher food and fuel costs and with Iraq crisis, India is likely to face more tough situations in the coming months. RBI which kept on the Repo Rate could be one of the factor for higher inflation. Economists are urging the central bank to bring down the policy rate which could make some impact on inflation.

Whereas the consumer price inflation hit a three-month low of 8.28 per cent in May which was released yesterday.  As the weather department cited low rainfall, Modi government could fall in more troubles. Potato and Onion prices are also reporting higher prices.

Prime Minister Narendra Modi who took charge on May 26th promised to fight against the inflation and the Budget session which are expected to begin from July second week will be looked out for more tighter and tougher reforms.

Anyways, RBI and Budget by Arun Jaitley are the key elements to affect inflation in coming days.

(AW: Vamshi)